Colworth Road, Northfield, Birmingham, B31

Street Guide For Colworth Road, Northfield, Birmingham, B31

 

Colworth Road, Northfield, Birmingham, B31 Map

Estimated Price: £141,341
Average Asking Price: £147,964
Price change in last one year: £8,992
Average Price Paid: £118,500
Average Rent Rates: £646

 

Property Prices Breakdown in Colworth Road, Northfield, Birmingham, B31

Average Price for property in Colworth Road, Northfield, Birmingham, B31 is around £141,341 which varies based on type of property you are interested in and ranges from £186,035 for detached house to around £158,994 for semi-detached. Similarly terraced house is around £114,810 and a flat is worth £191,088. Values have been changing and have risen £1,038 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,145 in last 6 months, £8,992 in last 1 year, £14,726 in last 2 years, £15,591 in last 3 years, £14,260 in last 4 years and £14,614 in last 5 years.

Currently average asking price of a property in Colworth Road, Northfield, Birmingham, B31 is around £147,964 based on approximately 2 properties for sale. Same is the case with rental options based on 71 properties up for rent, average asking rent is around £646 per month.

Estimated property value in Colworth Road, Northfield, Birmingham, B31 is £141,341. Average asking price is £147,964 while average price paid is £138,500 which is up by £8,992 and Avg. asking rent £646.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Colworth Road, Northfield, Birmingham, B31 area. In last 1 year alone average price buyer paid is around £138,500 based on approximately 2 sales in Colworth Road, Northfield, Birmingham, B31 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £123,166. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £118,500 for 4 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £110,500 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £110,074, £133,026 for a 2 bedroom house, £146,140 for a 3 bedroom house, £243,056 for a 4 bedroom house and £338,750 for a 5 bedroom house. For a flat similarly the prices varies from £104,084 for a single bedroom to £92,744 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £87,500. To sum up the asking prices for properties in Colworth Road, Northfield, Birmingham, B31 it comes to around average £105,718 for 1 bedroom property, £113,088 for 2 bedroom, £144,662 for 3 bedroom, £243,056 for 4 bedroom and £338,750 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £451 for 1 bedroom to £608 for 2 bedroom, £671 for 3 bedroom and £792 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £473. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £627 and £562 for 3 bedroom. You should be generally be expecting around average £471 rent per month for single bedroom property, £622 for 2 bedroom, £651 for 3 bedroom and approximately £792 for 4 bedroom property in Colworth Road, Northfield, Birmingham, B31 area.

Popular Houses in Colworth Road, Northfield, Birmingham, B31

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Colworth Road, Northfield, Birmingham, B31